- CEO
- Shailesh Suryakant Shah
- Full Time Employees
- 85
- Sector
- Process industries
- Industry
- Textiles
- Address
- 1101, Universal Majestic Mumbai MA India 400043
- IPO Date
- Apr 4, 1994
- Business
- Sky Industries Limited manufactures and markets narrow woven fabrics, specializing in hook and loop tape fasteners, elastics, and related products in India. The company produces sew-on and self-adhesive hook and loop tapes; rubber-based, coin, piece-cut, mated piece-cut, and score-cut adhesives; specialty items such as molded or injection hooks, knit loop or velour, back-to-back tapes, elasticated loop tapes, bobbin tapes, and auto loop products; neoprene and velvet materials; webbing straps; functional elastics; and other accessories including headgears for orthopedic and medical uses, loop and neoprene sleeves, tile grips, jacket cuffs, wheelchair sleeves, reinforcement straps, dual loop straps, buckle straps, eye straps, mobility straps, insect screens, and Aplix branded products. Sky Industries serves diverse sectors including footwear, orthopedic, defense, medical equipment, automotive, sports, personal protective equipment, packaging, apparel, infant wear, cable networking, FIBC, aviation, home furnishings, luggage, abrasives, stationery, display, warehousing, spinning mills, construction, equestrian, and industrial applications, with exports to the United States, United Kingdom, Germany, Turkey, Bangladesh, Sri Lanka, and other countries. Founded in 1989 and headquartered in Mumbai, Maharashtra, the company, formerly known as Fine Velvets and Plastofabs Private Limited, acts as the exclusive marketing partner for Aplix Inc. in India and holds certifications including ISO, IATF, OEKO-TEX, and GRS. Recent developments include a 10.07% revenue increase to INR 824.65 crore and 164.39% profit after tax growth to INR 46.75 crore in fiscal year 2023-24; a board recommendation for a final dividend of INR 1 per equity share in May 2025; release of a pledge on 163,500 equity shares by Union Bank of India in November 2025, signaling improved promoter financial position; and operational plans for facility expansion to support growth while emphasizing sustainability.